Cairo – Mubasher: Juhayna Food Industries reported that its consolidated profits for the third quarter of 2016 declined 34% year-on-year to EGP 58.2 million from EGP 88.2 million, according to a bourse filing on Thursday.

Over the first nine months, Juhayna's consolidated profits stood at EGP 168.4 million, lower 22.9% year-on-year from EGP 218.6 million.

Meanwhile, standalone results revealed that the company turned a profit in the third quarter after logging EGP 41.1 million profits against EGP 19.6 million losses.

 The first nine-month period saw EGP 87.9 million unconsolidated profits, with a 495% surge from EGP 14.8 million for the year-ago period.